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Metal Prices FREE MARKET (December 31, 1990)

London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Dec 25 Dec 24 Dec 21 Dec 20 Dec 19 Copper N/A N/A N/A 1315-1317 1288-1289 Lead N/A N…


Trimin share buyback stalled

A formal valuation of the shares of Trimin Resources (TSE) may be required before the company can proceed with a buyback offer for up to 2.2 million of its shares. The company applied to various secur…


Stratmin making rights offering

Montreal-based Stratmin (ME) is hoping to receive about $6 million from a rights offering. Holders of the company’s A shares, as of the close of business Dec. 19, will receive three rights for each sh…


Majors vie for control of Eskay Creek

The Eskay Creek project north of Stewart, B.C., generated plenty of drama and intrigue during 1990 as it moved from an exploration project to a more advanced development stage. The cast of players inv…


Merger a possibility for Denison

The list of possible solutions to the financial problems facing Denison Mines (TSE) has been expanded to include a merger with another interested party, newly appointed President Bill James confirmed …


NEWS IN BRIEF Int’l Precious Metals Institute

The International Precious Metals Institute (IPMI) will hold a seminar, Jan. 20-22, in Las Vegas, Nev., with Barry Davison as the featured speaker. Managing director of Rustenbury Platinum Mines, Davi…


Minnesota drilling by Int’l. Platinum

A new drill hole to a depth of about 1,360 ft. has been completed on the Birch Lake platinum group metal property in Minnesota, International Platinum (TSE) reports. The drilling took place north of B…


Ican forecasts 200 million tons at Racey

Calgary-based Ican Minerals (TSE) continues to intersect strong widths of low-grade gold mineralization on the Racey property in Oregon, the company says. Although Ican is awaiting check fire assays, …


Minnova, Aurlot drop Janus metal prospect

Following disappointing results from the Janus exploration project in Oregon, Minnova (TSE) and Aurlot Explorations (COATS) have abandoned the polymetallic prospect. Aurlot, which held the right to ea…


Mining and guitars: fining relevance for students

According to Mark Twain, “Everyone complains about the weather, but no one does anything about it.” Mining people have long complained that students in Canadian schools know little about our industry …


Cobalt to be subject of feature film

Cobalt, Ont., the cradle of the province’s mining industry, has been chosen as the subject of a full-length film production. It is designed to recreate the legendary figures and document the major eve…


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